Change in the Depreciation Method for Fixed Assets to the Straight-Line Method
First written in FY2017-Q2. 2 of 3 entries say "Restated". Latest entry: FY2017.
8 other companies' latest entry also says "Restated".
- FY2017RestatedAnnual report
「The Company had previously used the declining-balance method to depreciate property, plant and equipment, excluding leased assets, but changed to the straight-line method from the current fiscal year. As a result of this change, operating income, ordinary income and profit before income taxes for the fiscal year each increased by ¥7.241 million compared with the previous method.」
The Company reiterated the change to the straight-line method made in connection with the medium-term management plan and its impact on profit for the fiscal year. - FY2017-Q3RestatedAnnual report
「The Company had previously used the declining-balance method to depreciate property, plant and equipment, but changed to the straight-line method from the first quarter. This change followed a review of the assets held in connection with the formulation of the medium-term management plan. As the property, plant and equipment is expected to be used steadily in the future and its value in use is expected to remain broadly constant, the Company determined that the straight-line method, which allocates cost and expenses evenly, more appropriately reflects actual usage. As a result of this change, operating loss, ordinary loss and loss before income taxes for the nine months ended 31 December each decreased by ¥5.869 million compared with the previous method.」
The Company reiterated the change from the declining-balance method to the straight-line method and disclosed that, for the nine months ended 31 December, operating loss, ordinary loss and loss before income taxes each decreased by ¥5.869 million as a result. - FY2017-Q2First statedAnnual report
「The Company had previously used the declining-balance method to depreciate property, plant and equipment, but changed to the straight-line method from the first quarter. This change followed a review of the assets held in connection with the formulation of the medium-term management plan. As the property, plant and equipment is expected to be used steadily in the future and its value in use is expected to remain broadly constant, the Company determined that the straight-line method, which allocates cost and expenses evenly, more appropriately reflects actual usage.」
Based on a review of assets held in connection with the formulation of the medium-term management plan, the depreciation method for property, plant and equipment was changed from the declining-balance method to the straight-line method.